TMCnet News
Syneron Medical has the Highest P/E Ratio in the Health Care Equipment Industry (ELOS, TFX, HOLX, ABAX, NUVA)May 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Health Care Equipment industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Syneron Medical ranks highest with a a P/E ratio of 95.78. Following is Teleflex with a a P/E ratio of 73.97. Hologic ranks third highest with a a P/E ratio of 73.25. Abaxis follows with a a P/E ratio of 69.17, and NuVasive rounds out the top five with a a P/E ratio of 65.21. SmarTrend recommended that subscribers consider buying shares of NuVasive on January 9th, 2013 as our technology indicated a new Uptrend was in progress when shares hit $17.65. Since that recommendation, shares of NuVasive have risen 26.1%. We continue to monitor NuVasive for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |